Trump’s tariffs on China could significantly harm Australia

US President Donald Trump has announced $750 billion worth of tariffs on Chinese goods, causing the Australian dollar and stock market to fall.

President Trump announced the tariffs as trade talks between the two countries continue to drag on.

….of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!